CABB Group GmbH
 | |
| Private (GmbH) | |
| ISIN | 🆔 |
| Industry | Fine chemicals |
| Predecessor | Clariant Acetyl Building Blocks |
| Founded 📆 | 2003 |
| Founder 👔 | |
| Headquarters 🏙️ | , , Germany |
Area served 🗺️ | Worldwide |
Key people |
|
| Products 📟 | |
| Revenue🤑 |  €492.3 million (2020) |
| Owner | Permira funds |
| Members | |
Number of employees | 1,128 (2020) |
| 🌐 Website | cabb-chemicals |
| 📇 Address | |
| 📞 telephone | |
CABB Group (formerly Clariant Acetyl Building Blocks, CABB for short) is an international fine chemicals company (CDMO) headquartered in Sulzbach am Taunus, Germany. It specializes in fine chemicals for the agrochemical industry and produces highly specialized ingredients for customers in the life science sector. The company is one of the largest producers of monochloroacetic acid.[1]
CABB was founded in 2003 and has its origins in businesses of Clariant and Hoechst. Since 2014, the company has been owned by a Permira private equity fund.[2]
History[edit]
Spin-off and sale[edit]
In 2003, the Swiss multinational speciality chemicals company Clariant built a subsidiary for its businesses related to organic products based on chlorine and acetic acid.[3] Under the umbrella of Clariant Acetyl Building Blocks (CABB), large parts of Clariant's activities in Germany were reorganized, including the former Hoechst plants in Gersthofen and Knapsack. In 2004, Clariant put its subsidiary up for sale, acting contrary to earlier announcements. The primary aim was to reduce debts.[4]
In 2005, a Dutch private equity fund from Gilde Investment Management took over the company. In 2006, it was sold on to the investment arm of AXA insurance group.[5] In 2011, CABB has been acquired by the British investment firm Bridgepoint,[6] which sold the company in 2014 to Permira, a global investment firm. According to media reports, Permira is discussing a public listing or sale of the CABB Group.[7][8]
International expansion[edit]
In recent years, the company has grown, especially internationally. In 2007, the CABB Group acquired SF-Chem (formerly Säurefabrik Schweizerhall) based in Pratteln, Switzerland.[9] In 2011, CABB bought the Finnish chemical specialist Kemfine. In 2013, it entered the Chinese market by establishing a joint venture there. In 2018, the CABB Group acquired Jayhawk Fine Chemicals from the US, a former Evonik subsidiary. From 2008 to 2011, CABB also held a stake in Karnavati Rasayan from India.
Company[edit]
Ownership[edit]
CABB operates as a German limited liability company (Gesellschaft mit beschränkter Haftung, GmbH).[10] The parent company of the Group is a public limited company (Société Anonyme, SA) incorporated under Luxembourg law, which is substantially controlled by Permira funds through intermediate companies.
Management[edit]
Valerie Diele-Braun (Chief Executive Officer, CEO) and Markus Schürholz (Chief Financial Officer, CFO) have taken over the management of the company and its subsidiaries;[11][12] additionally, there is Tobias Schalow (Chief Operations Officer, COO). They form the so-called Executive Committee of the CABB Group.
Locations[edit]
In Germany, CABB has two development and production sites in Gersthofen and Knapsack. The sites in Pratteln (Switzerland), Kokkola (Finland) and Galena (United States) are focused on customer-specific active ingredients. In Asia, the company operates a plant in Jining (China) in cooperation with Shandong Lutai Chemical.
Sustainability[edit]
CABB has signed the United Nations Global Compact. The company has committed to reducing emissions of climate-damaging greenhouse gases by more than 30,000 tonnes by 2025. To achieve this, it is increasingly sourcing CO2-free electricity.
Business activities[edit]
Pre- and intermediate products[edit]
CABB specializes in complex, multi-stage chemical syntheses. The company produces precursors and intermediates as well as customized active ingredients, especially for the agrochemical industry. Many chemical companies reduce plant intensity to save costs and reduce complexity. CABB replaces corresponding processes, often acting as a strategic partner.[13]
Monochloroacetic acid[edit]
CABB also supplies the chemical industry with monochloroacetic acid and acetyl derivatives. These are used, for example, in liquid soap, sauce binders, puddings and toothpaste. The company produces monochloroacetic acid in various purities and transport forms. It uses a hydrogenation technology, which offers advantages over the former crystallization technology.[13]
Notes and references[edit]
- ↑ Stark, Alexander (2021-11-19). "CABB gibt sich neue Unternehmensorganisation". Process (in Deutsch). Retrieved 2022-05-13.
- ↑ "Heuschreckenplage: Vierter Finanzinvestor für Chemiefirma CABB". Die Tageszeitung (in Deutsch). 2014-04-23. p. 8.
- ↑ Lehmann, Birgit (2003-01-04). "Clariant gründet neue Firma für Essigsäure". Kölner Stadt-Anzeiger (in Deutsch).
- ↑ Smolka, Klaus Max (2004-09-10). "Clariant will Tochter CABB abstoßen". Financial Times Deutschland (in Deutsch). p. 3.
- ↑ Becker, Walther (2006-11-25). "AXA Private Equity kauft frühere Hoechst-Aktivität". Börsen-Zeitung (in Deutsch). p. 12.
- ↑ Hofmann, Siegfried (2011-03-16). "Chemiefirma CABB erhält neuen Eigner". Handelsblatt (in Deutsch). p. 32.
- ↑ Schütze, Arno (2021-11-18). "CABB plant Börsengang in der Schweiz". Handelsblatt (in Deutsch). p. 20.
- ↑ Smolka, Klaus Max (2022-05-10). "Chemie verkauft sich teuer". FAZ (in Deutsch). Retrieved 2022-05-24.
- ↑ "SF-Chem wird übernommen – Hessen schmieden Marktführer". Badische Zeitung (in Deutsch). 2007-07-19.
- ↑ "CABB Group GmbH". Unternehmensregister (in Deutsch). Bundesanzeiger Verlag. Retrieved 2022-05-13.
- ↑ Hüser, Tobias (2018-07-02). "Valerie Diele-Braun übernimmt CABB-Führung". Process (in Deutsch). Retrieved 2022-05-13.
- ↑ Becker, Walther (2018-11-24). "Neuer Finanzchef für Chemiekonzern CABB". Börsen-Zeitung (in Deutsch). p. 12.
- ↑ 13.0 13.1 Göbelbecker, Jona (2021-11-23). "Verkauf oder Börsengang? CABB stellt sich neu auf". Chemietechnik (in Deutsch). Retrieved 2022-05-13.
External links[edit]
This article "CABB" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:CABB. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
